Expedia to sell senior unsecured notes in a private offering

Expedia to sell senior unsecured notes

BELLEVUE, Wash. — Online travel company Expedia Inc. said Monday it plans to sell $750 million in senior unsecured notes through a private offering.

Expedia said the notes have an interest rate of 5.95 percent and will be due in 2020. The offering is expected to close on Aug. 5.

The company plans to use the proceeds for general corporate purposes such as share repurchases and acquisitions.

Shares rose 9 cents to $22.77 in trading Monday.